How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will decrease by approximately $2,095 per month ($25,140/year) when you move from New Jersey to Pennsylvania.
If you sell your median-priced New Jersey home ($505K) and buy in Pennsylvania ($280K):
Your New Jersey equity covers the 20% down payment on a median Pennsylvania home with $96K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move saves you approximately $251K in housing costs alone.
Your dollar stretches further in Pennsylvania. The median home costs 45% less than in New Jersey, which translates to a $225K difference in purchase price. This means a smaller loan, a lower monthly payment, and less total interest paid over the life of your mortgage.
Good news on taxes: Pennsylvania's 1.36% property tax rate is significantly lower than New Jersey's 2.47%. You'll save approximately $8,666 per year on property taxes, which adds up to $87K over a decade.
When you buy in Pennsylvania, expect about $5K in closing costs (1.7% of purchase price). This includes a 2% transfer tax. Budget for this amount on top of your down payment.
Pennsylvania's PHFA Keystone Advantage offers Up to $6,000 DPA. If you haven't owned a home in three years (or are buying in Pennsylvania for the first time), you may qualify. Check eligibility requirements and income limits on Pennsylvania's housing finance agency website.